REGULATION, INSIDER TRADING AND STOCK MARKET REACTION. WHAT DO WE KNOW?

Marius Cristian Milos and Laura Raisa Milos
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Marius Cristian Milos: WEST UNIVERSITY OF TIMISOARA
Laura Raisa Milos: UNIVERSITY EFTIMIE MURGU OF RESITA

Annals - Economy Series, 2017, vol. 1Special, 174-179

Abstract: A large number of theoretical papers have focused on finding the right regulatory inputs that trigger the development of domestic stock markets. The majority of empirical papers find a positive connection between investor protection and stock market development, proxied by turnover, market capitalization or volatility. When talking about investor protection, insider trading oftenly appears as a major research objective when proving the beneficial role of regulation on stock markets. The objective of this paper is to review the main arguments that were brought for and against insider trading regulation, alongside analyzing the documented cases of market reaction to the introduction and enforcement of insider trading disclosure.

Keywords: investor protection; inside trading; stock market; regulation (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2017:v:1special:p:174-179

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